Where and how to stake OmniFlix Network (FLIX)

Introduction

Staking OmniFlix Network can be a great option for those who wish to hold FLIX while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire OmniFlix Network (FLIX) Tokens

   To stake OmniFlix Network, you need to have it. To obtain OmniFlix Network, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   MEXC Global	OmniFlix Network (FLIX)	0.04

2. 2. Select a OmniFlix Network Wallet

   Once you have FLIX, you’ll need to choose a OmniFlix Network wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Stakely.io	OmniFlix Network (FLIX)	Up to 27.6 APY

3. 3. Delegate Your FLIX

   We suggest using a staking pool for staking FLIX. It's easier and quicker to get started. A staking pool is a collection of validators who combine their FLIX, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the OmniFlix Network network. You'll be rewarded with FLIX for these validations.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.